Household and corporate loans go down in Romania in July

The total value of household and corporate loans in Romania dropped by 1.3% in July compared to the previous month, reaching almost EUR 48 billion. The loans in local currency went up by 0.9% compared to June while the loans in foreign currency went down by 3.2% (when expressed in RON), according to data released by Romania’s National Bank (BNR). Over the past 12 months (July 2014 to July 2015), the RON-denominated loans have increased by 13.4% while the credit in foreign currency went down by 11.2%. The two components were almost equal at the end of July, as RON-denominated loans reached EUR 23.4 billion and the foreign currency loans went down to EUR 24.7 billion. The household loans in local currency reached over EUR 10.6 billion at the end of July, up by 3.3% compared to June and up 26.5% year-on-year. editor@romania-insider.com